The other side of the Carbon Equation
There is such an emphasis in the carbon market and policy world on energy, CO2 emissions, and new technology that all too often forest conservation and sustainably managed forestry operations are seen as a side-event or second-rate option to combat climate change. The fact is that deforestation and forest degradation account for nearly 20% of global greenhouse gas emissions, more than the entire global transportation sector and second only to the energy sector.
The largest emissions trading scheme, the EU ETS, has no plans to include European forestry companies or forestry project offsets into the EU ETS for the foreseeable future. This is a real shame as the two sectors that manage the carbon-cycle as a function of their core business are the energy and forestry sectors. They essentially represent two-sides of the same "carbon coin" and as such we at Climate Futures have always been engaged in the debate about including forestry and land-use projects into the flexible mechanisms (JI/CDM) and emissions trading schemes.
So we are pleased that progress has been made with the inclusion of the forestry sector in the New Zealand ETS and the allowance of offsets from some forestry/land-use projects into the California Climate Action Reserve ETS. Climate Futures worked with the first international forestry transactions from New Zealand Forestry Companies to European Government buyers and we continue to be active in the market through our New Zealand clients. Please contact us if you are interested in discussing forestry projects or offsets for the New Zealand or California markets.
Reducing Emissions from Deforestation and Forest Degradation (REDD) projects provides a new international project mechanism alongside CDM and JI. Presently these projects produce offsets that can only be used in the voluntary (VER) markets. However, we believe that REDD/REDD+ and land-use sequestration projects offer the best opportunity for many of the least developed countries in the world to participate and benefit from carbon markets.
While the CDM mechanism has provided limited benefit for most African countries, REDD could reverse this trend, save substantial regions of rainforest, aid local communities, and provide large bio-diversity benefits. We are proud to be working with one of the first REDD+ projects in the Congo Rainforest as carbon finance advisors. If your organization is considering to develop REDD projects, or need to secure additional financial resources for your projects, we invite you to contact us to discuss possible options.
We are currently offering VERs for sale from one of the first REDD+ projects in Africa, and there are other REDD projects which seek financial support during their development phase.
If you represent a company desiring to support the development of sustainable forestry and REDD projects then please contact us for more information at firstname.lastname@example.org.